Latent Defect Period definition
Latent Defect Period means a period of 10 years after the Acceptance Date.
Examples of Latent Defect Period in a sentence
The taking of possession of the Premises by Tenant shall, from and after the Lease Commencement Date, conclusively establish that the Premises and the Building were at such time in good and sanitary order, condition and repair, except for (i) correction of punch list items pursuant to Exhibit B, (ii) Landlord’s express obligations regarding latent defects during the Latent Defect Period, and (iii) Landlord’s continuing repair obligations, as set forth elsewhere in this Lease.
Trial Operation Period duration 9.1 2 months Latent Defect Period for Civil Works 11.12 The latent defect period is 10 years for civil engineering works.
COMPANY waives the right to revoke acceptance of latent defects upon the expiry of the Latent Defect Period.